Norchester Maintenance Fund Inc (EIN 741648152) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Norchester Maintenance Fund Inc, founded in 1969, is a small nonprofit in the Environment sector that reported $486K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

Association to maintain all common areas, secure improvements, insurance, vendors for services, perform daily oversight, and enforce covenants of the declaration, all at the direction of the Board of Directors for the welfare and safety of the owners and visitors.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $428,292

Investment Income $564

Other Revenue $57,397

TOTAL REVENUE $486,253

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,329

Fundraising Expenses $0

Program Expenses $453,091

Other Expenses $519,533

TOTAL EXPENSES $525,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$486,253	$518,010	-0.1%
Expenses	$525,862	$517,211	+0.0%
Net Income	$-39,609	$799	-50.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert D Ruggiero	Secretary	2.00	Officer Director	$0	$0	$0
Patricia E Chin	Treasurer	2.00	Officer Director	$0	$0	$0
William E Haire	Director	2.00	Director	$0	$0	$0
Ertwyn Henry	President	2.00	Officer Director	$0	$0	$0
Christy Anderson	Vice President	2.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$486,253	$525,862	$597,803	$-39,609
2023	$518,010	$517,211	$695,930	$799
2022	$506,286	$366,813	$793,899	$139,473
2021	$462,959	$325,011	$605,620	$137,948
2020	$453,066	$319,404	$463,932	$133,662
2019	$395,651	$287,838	$355,476	$107,813
2018	$352,186	$267,495	$346,826	$84,691

Norchester Maintenance Fund Inc